Brokerages Set TSYS (TSS) Price Target at $83.63

Shares of TSYS (NYSE:TSS) have been assigned an average rating of “Buy” from the twenty-nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $84.70.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut TSYS from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research report on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $100.00 price objective (up from $85.00) on shares of TSYS in a research report on Wednesday, January 24th. Citigroup upped their price objective on TSYS from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. ValuEngine raised TSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Nomura upped their price objective on TSYS from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th.

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In other TSYS news, Director Richard W. Ussery sold 7,546 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $88.29, for a total value of $666,236.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip W. Tomlinson sold 234,759 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $88.49, for a total value of $20,773,823.91. Following the transaction, the director now owns 331,250 shares in the company, valued at approximately $29,312,312.50. The disclosure for this sale can be found here. Insiders sold 692,200 shares of company stock worth $59,978,168 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of TSYS by 3.8% during the fourth quarter. BlackRock Inc. now owns 11,578,874 shares of the credit services provider’s stock worth $915,773,000 after purchasing an additional 427,801 shares during the period. Geode Capital Management LLC increased its stake in TSYS by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 1,994,589 shares of the credit services provider’s stock worth $157,462,000 after acquiring an additional 7,488 shares during the period. Guggenheim Capital LLC increased its stake in TSYS by 19.9% during the 4th quarter. Guggenheim Capital LLC now owns 1,210,999 shares of the credit services provider’s stock worth $95,778,000 after acquiring an additional 200,897 shares during the period. Alliancebernstein L.P. increased its stake in TSYS by 12.4% during the 4th quarter. Alliancebernstein L.P. now owns 1,186,074 shares of the credit services provider’s stock worth $93,807,000 after acquiring an additional 131,182 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in TSYS by 34.9% during the 4th quarter. Allianz Asset Management GmbH now owns 1,042,673 shares of the credit services provider’s stock worth $82,465,000 after acquiring an additional 269,796 shares during the period. Institutional investors own 76.56% of the company’s stock.

NYSE:TSS traded up $1.27 on Wednesday, reaching $86.75. The company’s stock had a trading volume of 341,717 shares, compared to its average volume of 1,258,214. TSYS has a 1-year low of $52.20 and a 1-year high of $90.74. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock has a market cap of $15,533.91, a price-to-earnings ratio of 26.55, a PEG ratio of 1.48 and a beta of 1.11.

TSYS (NYSE:TSS) last posted its earnings results on Tuesday, January 23rd. The credit services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TSYS had a return on equity of 26.50% and a net margin of 11.90%. The firm had revenue of $870.61 million during the quarter, compared to analysts’ expectations of $848.20 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. sell-side analysts forecast that TSYS will post 3.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 22nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $0.52 annualized dividend and a yield of 0.60%. TSYS’s dividend payout ratio is 16.15%.

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About TSYS

Total System Services, Inc provides payment processing, merchant, and related payment services to financial and nonfinancial institutions worldwide. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Netspend. It offers general purpose reloadable prepaid and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers and businesses.

Analyst Recommendations for TSYS (NYSE:TSS)

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